Healthcare · NIFTY 50

Max Healthcare Institute Limited

NSEMAXHEALTH BSE543220 ISININE027H01010 SeriesEQ Listed on NSE · BSE

₹946.30 +18.00 (+1.94%) Updated 12 Nov, 8:49 pm IST

Open chart Back to screener

Price, daily close-17.96% in a year

Today

Open: ₹920.00
Prev close: ₹928.30
Day high: ₹946.30
Day low: ₹918.90
Volume: 28.31 L
Value traded: ₹264.97 Cr
Upper circuit: ₹972.75
Lower circuit: ₹916.15
52W high: ₹1,185.40
52W low: ₹797.00
1 month: +6.94%
6 months: -10.01%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹92,104 Cr

P/E (TTM)66.97

P/B8.13

Book value / share₹116.43

EPS (TTM)₹14.13

ROE12.2%

Dividend yield0.21%

Dividend (12m)₹2.00 / share

Net margin (TTM)15.1%

Operating margin27.7%

Debt / equity0.33

Current ratio0.84

EV / EBITDA39.62

Sales growth (YoY qtr)+20.31%

Profit growth (YoY qtr)-15.54%

Sales CAGR 3Y+22.43%

Profit CAGR 3Y—

Shares97.33 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

1,335289

Dec 23

1,423251

Mar 24

1,543236

Jun 24

1,707282

Sep 24

1,868239

Dec 24

1,910319

Mar 25

2,028308

Jun 25

2,135491

Sep 25

2,068301

Dec 25

2,143342

Mar 26

2,366323

Jun 26

2,569415

Sep 26

Revenue · QoQ (vs last quarter)

—+6.6%+8.4%+11%+9.4%+2.2%+6.2%+5.3%-3.2%+3.6%+10%+8.6%

Revenue · YoY (vs a year ago)

————+40%+34%+31%+25%+11%+12%+17%+20%

Net profit · QoQ (vs last quarter)

—-13%-5.8%+19%-15%+34%-3.5%+60%-39%+14%-5.6%+28%

Net profit · YoY (vs a year ago)

————-17%+27%+30%+74%+26%+7.3%+4.9%-16%

RevenueNet profitLine = trend

2.97

Dec 23

2.58

Mar 24

2.42

Jun 24

2.88

Sep 24

2.44

Dec 24

3.26

Mar 25

3.15

Jun 25

5.02

Sep 25

3.09

Dec 25

3.50

Mar 26

3.30

Jun 26

4.24

Sep 26

EPS (₹) · YoY (vs a year ago)

————-18%+26%+30%+74%+27%+7.4%+4.8%-16%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	1,335	1,423	1,543	1,707	1,868	1,910	2,028	2,135	2,068	2,143	2,366	2,569
Other income	46.0	45.3	34.7	40.8	33.3	46.9	36.5	32.9	45.4	47.8	40.5	40.9
Total income	1,381	1,468	1,578	1,748	1,902	1,957	2,064	2,168	2,113	2,191	2,407	2,610
Raw material	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Purchases	271	297	330	359	397	410	454	465	446	433	521	522
Employee cost	231	242	270	284	305	316	338	338	340	340	388	399
Other expenses	451	504	559	624	673	673	721	757	748	757	866	943
Total expenses	1,021	1,132	1,256	1,375	1,519	1,554	1,664	1,722	1,700	1,726	1,970	2,069
Operating profit	386	382	387	451	426	512	523	575	490	606	598	711
OPM %	28.9%	26.8%	25.1%	26.4%	22.8%	26.8%	25.8%	26.9%	23.7%	28.3%	25.3%	27.7%
Finance cost	11.2	20.7	23.9	33.5	52.4	55.2	54.9	53.9	59.7	66.7	71.0	73.8
Depreciation	61.0	70.3	76.9	84.2	97.5	101	104	108	111	123	132	138
Exceptional items	—	—	—	—	-73.6	—	—	—	-48.2	—	—	—
Profit before tax	360	336	321	374	309	403	400	446	365	465	436	541
Tax	70.3	84.2	85.0	91.9	70.1	83.5	92.5	-45.3	63.6	122	113	126
Net profit	289	252	236	282	239	319	308	491	301	342	323	414
Profit to shareholders	289	251	236	282	239	—	—	491	301	—	—	415
EPS (₹)	2.97	2.58	2.42	2.88	2.44	3.26	3.15	5.02	3.09	3.50	3.30	4.24

Profit & loss

Results for each year

6 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

2,505170-137

FY21

3,931934605

FY22

4,5631,2410.0

FY23

5,4061,4921,051

FY24

7,0281,7751,076

FY25

8,3732,1951,442

FY26

Revenue · YoY (vs a year ago)

—+57%+16%+18%+30%+19%

Net profit · YoY (vs a year ago)

—+542%-100%—+2.3%+34%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,505	3,931	4,563	5,406	7,028	8,373
Other income	115	127	139	178	156	163
Total expenses	2,454	3,311	3,638	4,219	5,704	6,812
Employee cost	589	760	809	934	1,174	1,357
Operating profit	170	934	1,241	1,492	1,775	2,195
OPM %	6.8%	23.7%	27.2%	27.6%	25.3%	26.2%
Finance cost	179	101	83.9	59.9	165	235
Depreciation	174	221	232	245	359	447
Profit before tax	-68.7	739	1,064	1,365	1,406	1,676
Tax	45.9	134	-39.8	308	330	233
Tax rate %	—	18.1%	-3.7%	22.5%	23.5%	13.9%
Net profit	-138	605	1,104	1,058	1,076	1,442
Profit to shareholders	-137	605	0.0	1,051	—	—
Net margin %	-5.5%	15.4%	0.0%	19.4%	15.3%	17.2%
EPS (₹)	-1.59	6.24	11.36	10.84	11.01	14.76

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

7,41068942.8

Mar 23

8,4081,299980

Mar 24

9,3813,010662

Mar 25

10,7473,478666

Mar 26

11,3323,795557

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+13%+12%+15%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	7,410	8,408	9,381	10,747	11,332
Long-term borrowings	604	1,188	2,768	2,978	3,171
Short-term borrowings	84.5	110	243	500	624
Total borrowings	689	1,299	3,010	3,478	3,795
Current liabilities	1,046	1,249	1,814	2,187	2,493
Fixed assets (PPE)	2,019	3,246	5,462	6,980	7,764
Inventories	76.2	79.8	106	114	132
Trade receivables	336	463	687	970	1,243
Cash & equivalents	42.8	980	662	666	557
Current assets	1,943	1,706	1,593	1,945	2,096
Total assets	10,102	12,000	15,214	17,231	18,722
Debt / equity	0.09	0.15	0.32	0.32	0.33

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

748-772-294

FY22

1,209-1,187-289

FY23

1,122-1,285-264

FY24

1,460-1,632-164

FY25

1,633-1,68959.3

FY26

Operations · YoY (vs a year ago)

—+62%-7.2%+30%+12%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	748	1,209	1,122	1,460	1,633
Cash from investing	-772	-1,187	-1,285	-1,632	-1,689
Cash from financing	-294	-289	-264	-164	59.3
Spent on fixed assets	-561	-336	-779	-966	-1,485
Free cash flow	187	874	343	494	149
Net cash flow	-317	-266	-427	-336	3.6

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

23.8%Dec 23

23.8%Mar 24

23.7%Jun 24

23.7%Sep 24

23.7%Dec 24

23.7%Mar 25

23.7%Jun 25

23.7%Sep 25

23.7%Dec 25

23.7%Mar 26

23.7%Jun 26

23.7%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

23.7%promoter

Promoter & group: 23.71%
Public (FIIs, mutual funds, retail…): 76.29%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Rs 2 Per ShareEx 03-Jul-2026
Dividend - Rs 1.50 Per ShareEx 04-Jul-2025
Dividend - Rs 1.5 Per ShareEx 23-Aug-2024
Dividend - Re 1 Per ShareEx 08-Sep-2023

Board meetings

Max Healthcare Institute Limited has informed the Exchange about Board Meeting to be held on 30-Oct-2026 to inter-alia consider and approve the Unaud…30-Oct-2026
the financial results for the period ended September 30, 202630-Oct-2026
Max Healthcare Institute Limited has informed the Exchange about Board Meeting to be held on 13-Aug-2026 to inter-alia consider and approve the Unaud…13-Aug-2026
the financial results for the quarter ended Jun 30, 202613-Aug-2026
the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend.21-May-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates9 Nov
Analysts/Institutional Investor Meet/Con. Call Updates4 Nov
Analysts/Institutional Investor Meet/Con. Call Updates3 Nov
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company3 Nov
Copy of Newspaper Publication31 Oct
General Updates30 Oct
Change in Management30 Oct

Latest news

Max Healthcare Institute (NSEI:MAXHEALTH) Stock Forecast & Analyst PredictionsSimply Wall St · 5 Nov, 1:30 pm Max Healthcare slips 20% in 3 weeks, stock hits over 2-year low; here's whyBusiness Standard · 13 Oct, 12:30 pm Max Healthcare Institute Q4 FY26 Results: PAT Increases to ₹342 Crore ; Declares Dividend of ₹2Groww · 21 May, 12:30 pm Max Healthcare Institute shares fall 2.14% in afternoon tradeMoneycontrol.com · 4 Aug, 12:30 pm Max Healthcare Institute Shares Fall 2.17%; Stock Among Nifty 50 LosersTradingView · 12 Aug, 12:30 pm Max Healthcare Institute Share Price News: 2.22% DeclineUnivest · 25 Sep, 12:30 pm Max Healthcare to acquire Kalinga Hospital controlling stake for ₹300 crET HealthWorld · 8 Apr, 12:30 pm Max Healthcare Institute (BSE:543220) Stock Forecast & Analyst PredictionsSimply Wall St · 5 Nov, 1:30 pm

About

About Max Healthcare Institute Limited

Max Healthcare Institute Limited is listed on the NSE under the symbol MAXHEALTH and belongs to the Healthcare sector.

Company details

Company name: Max Healthcare Institute Limited
NSE symbol: MAXHEALTH
BSE scrip code: 543220
ISIN: INE027H01010
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 21 Aug 2020
Face value: ₹10 per share
Market lot: 1 share
Shares issued: 97.33 crore
Index: NIFTY 50, NIFTY 500
Sector (NSE): Healthcare
Industry: Hospital/Nursing Management
Managing director / CEO: Abhay Soi
Chair: Abhay Soi
Headquarters: Gurugram, Haryana, India
Registered address: 2nd Floor, Capital Cyberscape, Sector 59, Gurugram, Haryana – 122102
Founded: 2001
Employees: 31,127
Financial year: April to March
Results basis: Consolidated
Website: maxhealthcare.in

Peers

Other Healthcare stocks

Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

India, Wall Street, crypto and commodities, live.

Every product, one clear workflow.

Built from data, on the record.

A clearer view of the markets.

Calculators and tools that show the maths.

Read the numbers, not the noise.

Max Healthcare Institute Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers